Degen

A prominent cryptocurrency analyst has predicted that Ethereum (ETH) could soon reach record highs. Citing the surge in demand for Ethereum exchange-traded funds (ETFs), the analyst, who goes by the pseudonym Pentoshi, believes that the cryptocurrency’s price will soon surpass its annual record high. He also pointed to Ethereum’s outperformance over Bitcoin and Solana, adding that capital inflows into Ethereum ETFs in recent days have exceeded the total in previous months. At the time of writing, Ethereum is trading at $4,015, up 5.1% in the past 24 hours. Ethereum’s all-time high was around $4,900 in 2021.